Arthur J. Gallagher & Co. (NYSE:AJG) Stock Position Reduced by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its stake in shares of Arthur J. Gallagher & Co. (NYSE:AJG) by 7.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,129,255 shares of the financial services provider’s stock after selling 94,933 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.51% of Arthur J. Gallagher & Co. worth $317,738,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Tidal Investments LLC increased its position in Arthur J. Gallagher & Co. by 132.1% in the 1st quarter. Tidal Investments LLC now owns 7,189 shares of the financial services provider’s stock worth $1,798,000 after purchasing an additional 4,092 shares during the last quarter. Swedbank AB acquired a new position in Arthur J. Gallagher & Co. in the first quarter worth approximately $3,297,000. Cetera Investment Advisers lifted its stake in Arthur J. Gallagher & Co. by 165.9% in the first quarter. Cetera Investment Advisers now owns 54,449 shares of the financial services provider’s stock valued at $13,615,000 after acquiring an additional 33,972 shares during the last quarter. Cetera Advisors LLC grew its position in Arthur J. Gallagher & Co. by 113.9% in the first quarter. Cetera Advisors LLC now owns 13,926 shares of the financial services provider’s stock worth $3,482,000 after acquiring an additional 7,415 shares in the last quarter. Finally, First Hawaiian Bank increased its stake in shares of Arthur J. Gallagher & Co. by 10.3% during the 2nd quarter. First Hawaiian Bank now owns 20,481 shares of the financial services provider’s stock worth $5,311,000 after purchasing an additional 1,907 shares during the last quarter. 85.53% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Arthur J. Gallagher & Co. news, President Michael Robert Pesch sold 7,100 shares of the business’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $296.20, for a total value of $2,103,020.00. Following the transaction, the president now directly owns 33,267 shares in the company, valued at $9,853,685.40. The trade was a 17.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Christopher E. Mead sold 2,800 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $287.00, for a total transaction of $803,600.00. Following the sale, the vice president now directly owns 14,674 shares of the company’s stock, valued at approximately $4,211,438. The trade was a 16.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,900 shares of company stock valued at $6,892,280 over the last quarter. Corporate insiders own 1.60% of the company’s stock.

Analyst Ratings Changes

AJG has been the subject of a number of recent research reports. Royal Bank of Canada upped their price objective on shares of Arthur J. Gallagher & Co. from $310.00 to $320.00 and gave the stock an “outperform” rating in a report on Friday, September 20th. BMO Capital Markets upped their price target on Arthur J. Gallagher & Co. from $312.00 to $325.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Wells Fargo & Company raised their price objective on Arthur J. Gallagher & Co. from $309.00 to $315.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Jefferies Financial Group upped their target price on Arthur J. Gallagher & Co. from $269.00 to $274.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Finally, Bank of America lifted their price target on shares of Arthur J. Gallagher & Co. from $271.00 to $293.00 and gave the company an “underperform” rating in a research report on Thursday, October 10th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Arthur J. Gallagher & Co. presently has a consensus rating of “Hold” and a consensus target price of $291.64.

Arthur J. Gallagher & Co. Stock Down 1.0 %

AJG stock opened at $312.09 on Friday. The business’s 50-day simple moving average is $290.89 and its 200 day simple moving average is $278.98. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.64. The company has a market cap of $68.47 billion, a PE ratio of 59.45, a price-to-earnings-growth ratio of 2.68 and a beta of 0.72. Arthur J. Gallagher & Co. has a twelve month low of $218.63 and a twelve month high of $316.72.

Arthur J. Gallagher & Co. (NYSE:AJG) last issued its earnings results on Thursday, October 24th. The financial services provider reported $2.26 EPS for the quarter, meeting analysts’ consensus estimates of $2.26. Arthur J. Gallagher & Co. had a return on equity of 19.12% and a net margin of 10.40%. The business had revenue of $2.77 billion during the quarter, compared to analyst estimates of $2.78 billion. During the same period in the prior year, the company posted $2.00 earnings per share. Arthur J. Gallagher & Co.’s revenue was up 12.8% on a year-over-year basis. On average, research analysts anticipate that Arthur J. Gallagher & Co. will post 10.12 earnings per share for the current year.

Arthur J. Gallagher & Co. Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be given a dividend of $0.60 per share. The ex-dividend date is Friday, December 6th. This represents a $2.40 annualized dividend and a dividend yield of 0.77%. Arthur J. Gallagher & Co.’s dividend payout ratio (DPR) is currently 45.71%.

Arthur J. Gallagher & Co. Profile

Arthur J. Gallagher & Co, together with its subsidiaries, provides insurance and reinsurance brokerage, consulting, and third-party property/casualty claims settlement and administration services to entities and individuals worldwide. It operates in Brokerage and Risk Management segments. The Brokerage segment offers retail and wholesale insurance and reinsurance brokerage services; assists retail brokers and other non-affiliated brokers in the placement of specialized and hard-to-place insurance; and acts as a brokerage wholesaler, managing general agent, and managing general underwriter for distributing specialized insurance coverages to underwriting enterprises.